NuVista Energy Ltd. (TSE:NVA) Receives C$16.64 Consensus PT from Analysts

NuVista Energy Ltd. (TSE:NVA) has received a consensus rating of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$16.64.

Several equities research analysts recently issued reports on the company. TD Securities cut their price objective on NuVista Energy from C$17.00 to C$16.00 in a report on Tuesday, October 1st. National Bank Financial lowered shares of NuVista Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Cormark raised shares of NuVista Energy to a “strong-buy” rating in a research note on Monday, September 23rd. BMO Capital Markets raised their price target on shares of NuVista Energy from C$18.00 to C$19.00 in a research report on Friday, December 13th. Finally, National Bankshares lowered NuVista Energy from an “outperform” rating to a “sector perform” rating and set a C$16.00 price objective on the stock. in a research report on Thursday, December 19th.

NuVista Energy Stock Down 0.8 %

Shares of TSE NVA opened at C$14.03 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.90 and a debt-to-equity ratio of 15.03. The business’s 50 day moving average is C$13.14 and its two-hundred day moving average is C$12.75. NuVista Energy has a 52-week low of C$9.59 and a 52-week high of C$14.86. The firm has a market cap of C$2.89 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 0.59 and a beta of 2.57.

Insider Activity at NuVista Energy

In other news, Senior Officer Michael Lawford sold 17,348 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of C$12.57, for a total transaction of C$218,064.36. Also, Senior Officer Christopher Mark Alessandro Legrow sold 5,000 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of C$14.30, for a total transaction of C$71,500.00. Insiders have sold 168,764 shares of company stock valued at $2,262,806 over the last quarter. 20.25% of the stock is owned by insiders.

NuVista Energy Company Profile

NuVista Energy Ltd engages in the exploration, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin. Products sold include natural gas, condensate & oil, butane, propane, and ethane, with condensate composing nearly half of all sales. Condensate finds significant use in the heavy oil business when applied to heavy oil bitumen.